Cryptocurrencies Price Prediction: Ethereum, Cardano & Ripple– American Wrap 27 January

Cardano Price Forecast: If the volume does not return to normal, 2023 could be a lost year for ADA

Cardano (ADA) price has been advancing and looks ready to close January in the green. The only big question or caveat for that is if that will be against the two massive bearish caps that are lying above the price action at the moment on a broader time frame. With the underlying trade volume very thin, it can be debatable if that rally is as strong and supported as many traders would think. 
Ethereum Classic (ETC) saw the headwinds that triggered the massive sell-off of 2022 fade a bit to the background in the first weeks of 2023. That resulted in bulls returning to life after a hibernation of almost five consecutive straight months in which bears ruled the price action. Although markets have rallied, from the looks of a broader timeframe that same recovery is just a drop on a hot plate.
Ripple, the cross-border remittance giant is likely to win its legal battle against US financial regulator, the Securities and Exchange Commission (SEC) according to crypto proponent John Deaton. While commenting on Grayscale’s lawsuit against the SEC, Deaton shared his thoughts on the outcome of the SEC v. Ripple case if it passes to the US Supreme Court. 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.